Pan African Resources PLC (OTCMKTS:PAFRF) Sees Significant Increase in Short Interest

Pan African Resources PLC (OTCMKTS:PAFRF) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 300 shares, a growth of 50.0% from the August 15th total of 200 shares. Based on an average daily trading volume, of 600 shares, the short-interest ratio is currently 0.5 days.

Pan African Resources Price Performance

Shares of OTCMKTS PAFRF remained flat at $0.37 during mid-day trading on Monday. Pan African Resources has a twelve month low of $0.18 and a twelve month high of $0.41. The company has a 50-day moving average price of $0.37 and a 200 day moving average price of $0.32.

Pan African Resources Company Profile

Pan African Resources PLC engages in the mining, extraction, production, and sale of gold in South Africa. The company’s flagship projects include the Barberton Mines that consists of three underground mines, including Fairview, Sheba, and Consort located in the Barberton Greenstone Belt; and Elikhulu tailings retreatment plant in Southern Africa.